RE:Buying physical gold/silver still surging.....Dan,
Thank you very much for the link to Miles Franklin re: the huge silver/gold deal. I have been reading the comments on CEO - but there was no explanation, so you sort of wonder if all this was simply a pipe-dream.
Great interview! I recommend it to all!
https://youtu.be/8f7ABjl63k8[/quote]
el d
DanWarren wrote:
......putting the lie to the manipulated suppression of the gold derivative pricing......it is always typical that the physical price is key, not the derivatives price of commodities in general, but, with gold, it's upside down, now........Volker, the head of the US Fed in the 80s under Reagan, and the guy who broke inflation with high interest rates ( they can't raise rates much now, due to the debt bomb. In Volkers day, US govt debt was around 20-25 % of GDP....today its 120- 125%!!) ......and, they can't do the quantitative tightening by selling off the bonds the US govt bought in their massive money print....why?...... cuz not many investors want to buy US debt, (and how is the US supposed to pay for the annual deficit AND sell off some of the DEBT Bomb?)....... So, Volker said after his stint as the FED head, that the ONE mistake he made was NOT suppressing the price of gold.......you think the price of gold is NOT suppressed?....... Anyway, the point of this post is to note the big demand for physical precious metals. At some point, the derivative manipulation just may blow up and crumble..... Ike posted this post which came from the CEO board. The link is a story about a female billionaire from Texas who placed an order for 50 million $ of silver coins..... I had seen the posters referencing this lady on the CEO board, but, couldn't find what they were talking about......but, here it is.... https://youtu.be/8f7ABjl63k8